Plan Defendants Granted Summary Judgment On Record-Keeping Fees Claim

(August 21, 2019, 8:42 PM EDT) -- LOS ANGELES — A California federal judge on Aug. 14 determined that claims for excessive record-keeping fees, failure to monitor and prohibited transactions alleged against defendants accused of mismanaging a company’s 401(k) retirement savings plan cannot proceed because the plaintiffs failed to provide evidence in support of the claims (Clifton Marshall, et al. v. Northrop Grumman Corp., et al., No. 16-6794, C.D. Calif.)....